South African petrochemical group Sasol plans to increase its investment in Mozambique in order to serve the African hydrocarbon market better, the group said in a statement.
“Anticipating market growth in Mozambique, as well as increased demand in South Africa, Sasol Petroleum International and its partners have continually increased the capacity of the central processing unit and the gas pipeline to accommodate growing demand for gas,” the group said in a statement.
The group added that the cost of increasing the capacity of the pipeline was around US$200 million, which must be added to the US$135 million investment underway at the central processing unit, construction of which is due to be concluded in the first half of 2015.
Sasol Petroleum International’s business in Mozambique focuses on natural gas extraction at the Pande and Temane gas fields in Inhambane province. (macauhub)